Index investing

(Originally posted on June 4th 2009)

The chances of the Australian cricket team doing well in the T20 have taken a big beating by the disciplinary actions enforced on Andrew Symonds because he had a bit too much to drink. It really does not matter that he was not included in the squad for the Ashes. Now Australia will be on the back foot. Maybe it is time to short the ASX and go long the FTSE.Going long the Sensex will not be a bad idea either. The election result in India has been a big boost for the country. The Indian government has been held to ransom by smaller regional parties for too long. 1991-1996 and 1999-2004 were strong periods of economic growth in India. The ruling party in both these elections had a strong majority in the parliament. The next five years should be extremely interesting.